Question
Suppose a bond makes $140 coupon payments at the end of the next two years, at which time the face value of $1,000 is repaid.
Suppose a bond makes $140 coupon payments at the end of the next two years, at which time the face value of $1,000 is repaid. If the interest rate is 22 percent, then what is the present value of the bond.
The present value (PV) of the bond is ?
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People Centric Skills Interpersonal And Communication Skills For Financial Professionals
Authors: Danny M. Goldberg
2nd Edition
1119669308, 978-1119669302
